Investing in Grand New York City Living

New York remains the most desirable address, not only in the US, but all over the world. It is still the number one sought-after place. They say that only the filthy rich can own property in this city because of its very high cost of living. Not everybody knows that it is not enough to be rich to gain property ownership in this prestigious city. You have to be financially stable to consider investing here.

Points to Consider When Investing in New York Real Estate

Accessibility

New York seems the heart of the world and everything that is needed for living and business is all there. Residents do not have to go too far to live, work, and play. For many people, location is very important because it defines your status. To make sure that investors have the right location, some people are willing to take a risk on new developments rather than the existing ones. One of the main reasons is because new developments are cheaper and usually appreciate quickly. If you wish to buy or rent a property in New York, make sure that you have time to do research on the neighborhood.

Architectural Design

When creating homes and apartments in New York City, intensive planning and study is conducted to make it livable, yet stylish. State-of-the-art amenities will leave you in admiration. Killer designs are achieved with tall condominiums, apartments, and functional houses. You can also choose between chic and contemporary projects that are small and spacious. However, it is not enough that you are attracted to property’s design. It is also important to get to know the developer and check their previous projects. It will help you decide on whether to give in to the facade quality of a particular project or consider a different one from a trusted developer.

Highly Functional

Most New Yorkers are busy people. It is not enough that the property is livable. It should offer convenience – a one-stop-shop where everything is just a few walks away. Amenities, like a gymnasium, library or lounge, offices, party venues, and much more should all be in one place. Some people want to live and work in the same building. This arrangement is very common for people who do not have time to travel. They want everything they need to be reachable by an elevator.

Assistance of a Great Team

Trust the experts only. Backed with years of experience NYC real estate, TOWN Real Estate is a reliable team. They are experts when it comes to marketing residential and other types of luxury properties. They are also well-known for giving professional advice when it comes to New York real estate.

New York City Real Estate

TIPS ON FINDING A GOOD PLACE TO LIVE IN NEW YORK CITY

New York City is not like other places in this world. There is a different kind of energy working in New York. Why do you think so many like to live here. Before you pack up and go, there are a few things you need to keep in mind

THE PEOPLE

There are a lot of good people in New York. There is also a lot of bad people. I wouldn’t say they are bad, some are just not true to their word. If you are looking to find a roommate to live with, be careful.

A roommate will help you save money, but make sure it doesn’t cost you in other ways. When someone agrees to be your roommate, verify this first. Sit down with this person. Find out if they really do want to be your roommate or not. Some people will agree to this on the surface, but then they will let you down in person. It’s happened too many times, to too many people.

Once they agree, have them sign an agreement right away. This way it’s all written down. Once it’s written down, it can’t be changed. The only way it can be changed is if you make the changes yourself.

Never take someone at the word on this.

MONEY

When you live in New York you have to have money. Your income has to be larger then any of your debts. Most apartments, especially small studios, don’t go for less then $1500. You will be hard-pressed to find something which is offered for less.

To live in New York, you need to make at least $100,000 per year. If you make $80-90,000, this is okay. Most landlords prefer you to be in the $100,000 bracket. Why? They want to know you can afford the rent. Most landlords will work with you, but they won’t chase after you. If you are late on even one payment, they will throw you out. Keep this in mind when gathering together your financials. I’m just trying to save you from a massive headache later on.

Looking for the best NYC properties? Call us at TOWN Real Estate. Look us up on the web. We can help. Our staff is friendly and efficient. We are here to meet all your real estate needs.